Direct Loan Canada Blog

Alberta and TC Energy have announced the official termination of the Keystone XL project, leaving the province’s final costs on the failed pipeline at an estimated $1.3 billion.
Source: ctv business
TC Energy terminates Keystone XL pipeline project

WestJet president and CEO Ed Sims will retire at the end of 2021, the company announced Wednesday.
Source: ctv business
WestJet CEO Ed Sims to retire at end of 2021

The largest of Canada’s oilsands producers have agreed to a new initiative with a target of achieving net zero greenhouse gas emissions by 2050.
Source: ctv business
Major Canadian oilsands producers partner in move toward net zero greenhouse gas emissions by 2050

European Union lawmakers on Wednesday endorsed a new travel certificate that will allow people to move between European countries without having to quarantine or undergo extra coronavirus tests, paving the way for the pass to start in time for summer.
Source: ctv business
EU lawmakers OK COVID-19 virus pass, boosting summer travel hopes

Former Volkswagen CEO Martin Winterkorn has agreed to pay 11.2 million euros (US$13.6 million) in compensation for what the company called his failure to quickly get to the bottom of the 2015 scandal over diesel engines rigged to cheat on emissions tests, the company said Wednesday.
Source: ctv business
Former VW boss to pay firm US million over diesel scandal

Billionaire philanthropist Mo Ibrahim is sharply criticizing the hoarding of COVID-19 vaccines by wealthy nations, urging the international community to “walk the talk” of equitable distribution as Africa desperately lags behind.
Source: ctv business
Billionaire donor slams COVID-19 vaccine hoarding at Africa’s expense

A top European Union official said Wednesday that Britain could face retaliatory tariffs or other sanctions after talks failed to resolve an increasingly heated dispute over implementation of their post-Brexit trade deal in Northern Ireland.
Source: ctv business
U.K., EU seek to avert ‘sausage war’ in post-Brexit talks

Major U.S. indexes were mixed Wednesday as modest gains from health care and big technology companies offset declines in banks and other parts of the market. Stocks championed by hordes of online retail investors, the ‘meme’ stocks as they have become known, were volatile once again.
Source: ctv business
U.S. stock indexes are mixed, while ‘meme’ stocks swing again

The Treasury Department has asked law enforcement authorities to investigate the disclosure of tax records cited in a media report that showed that some of America’s richest people paid little to no income taxes, U.S. officials said on Tuesday.
Source: ctv business
Report richest Americans paid little to no income taxes prompts IRS investigation

A court-appointed representative for Sears Canada retirees says Canada’s bankruptcy laws should be changed to prevent financial hardship for members of other underfunded pension plans.
Source: ctv business
Representative for 17,000 Sears Canada retirees says insolvency laws are unjust